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  1. HSBC, Hang Seng Bank suffer results fallout

    Posted Mar 03rd 2004, 12:00am by Staff Reporter

    ... Anette Jonsson and Kelvin Wong Their unremarkable showing leads to losses in stock market HSBC Holdings and subsidiary Hang Seng Bank came under pressure in the stock market yesterday after reporting less than spectacular full-year earnings, contributing to a fall in the Hang Seng Index after four days of rises. HSBC did deliver a net profit at the high end of market ...

  2. Index dips below 13,000 as fuel worries hit hard

    Posted Sep 29th 2004, 12:00am by Staff Reporter

    ... and inflation sparked additional profit taking in Hong Kong stocks yesterday, pushing the Hang Seng Index to a finish below 13,000 for the first time in 21/2 weeks. The settlement of the HSI futures ... billion on Monday. The Hang Seng Index finished down 0.55 per cent, or 71.1 points, at 12,950.80, after trading in a narrow 83-point range during the entire session. Francis Lun, general manager ...

  3. Renewed confidence lifts index to six-month high

    Posted Sep 07th 2004, 12:00am by Staff Reporter

    ... for the stock market. The Hang Seng Index added 1.21 per cent, or 156.24 points, to 13,104.34. The blue-chip gauge closed above the psychological resistance level of 13,000 on Wednesday last week, ... Holdings and carmaker Denway Motors, which were introduced into the Hang Seng Index yesterday, bucked the upward trend by shedding 2.06 per cent and 2.38 per cent respectively. China Merchants, ...

  4. Wall St and banks set pace for index rebound

    Posted Aug 20th 2004, 12:00am by Staff Reporter

    ... performance in nearly five weeks. Twenty of the 37 index constituents posted gains of 3 per cent or more, only two fell. The Hang Seng Index added 1.37 per cent or 168.13 points to close at 12,396.67. ... with the 44.2 per cent and 24.4 per cent gains reported by the local unit of HSBC and its subsidiary Hang Seng Bank on August 2. The improvement was mainly due to a write-back of provisions that were ...

  5. Momentum lifts index above the 14,500 barrier

    Posted Jul 16th 2005, 12:00am by Staff Reporter

    ... of 25.05 points, or 0.51 per cent, to 4,865.83 in the H-share index. The index added 1.16 per cent on the week. The Hang Seng Index finished up 12.75 points, or 0.09 per cent, at 14,504.24, ... to head higher. 'The bears have got trampled by the bulls and there is enough strength for [the Hang Seng Index] to go to 15,000 next week,' Mr Lun said. ...

  6. Hang Seng Bank may not report quarterly, even if parent does

    Posted Mar 02nd 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Hang Seng Bank, which currently reports only interim and annual results, said yesterday it may not report quarterly earnings even if its parent, HSBC, is likely to do so from the second half this year. 'As a subsidiary of HSBC, Hang Seng Bank will prepare figures and related information needed for our parent company every quarter, if it is going to report results ...

  7. Margaret Leung to head Hang Seng

    Posted Feb 27th 2009, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu Hang Seng Bank will get its first female chief executive when HSBC's Margaret Leung Ko May-yee is seconded to the subsidiary in May to replace retiring ... in the lender's 75-year history, the sources said. Hang Seng is 62 per cent owned by HSBC Holdings, which has often seconded senior managers to head its subsidiary. The promotion will be the second ...

  8. Hang Seng Bank drops on exposure to US lender

    Posted Oct 03rd 2008, 12:00am by Staff Reporter

    ... Maria Chan News of Washington Mutual debt sparks 8.87pc fall in shares Shares of Hang Seng Bank fell as much as 9.91 per cent yesterday after the bank said it had exposure to Washington Mutual, the United States lender that was seized by regulators in the nation's largest bank failure last month. The one-day drop in Hang Seng was the most in more than a decade. The stock ...

  9. Hang Seng Bank gets nod for yuan services

    Posted Mar 01st 2004, 12:00am by Ben Kwok

    ... Ben Kwok Hang Seng Bank has followed its parent HSBC to become the second bank offering yuan services to domestic companies in China. The No2 bank in Hong Kong yesterday said it had ... enterprises, in 13 cities and the eastern provinces of Jiangsu and Zhejiang. Bank of East Asia, Citibank and Mizuho also received approval from the commission to start trial yuan services. Hang Seng ...

  10. Expectations low for Hang Seng Bank

    Posted Aug 04th 2003, 12:00am by Raymond Ma

    ... Hang Seng Bank is expected to post a relatively poor first-half result today due to aggressive write-backs on provisions last year. A poll of six analysts forecast Hang Seng Bank, 62.1 per ... aggressive provision write-backs last year, with Hang Seng Bank releasing $330 million in general provisions in the second half, would mean limited provision release opportunities this year. Core ...




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